Author: Token Flash
ETH, XRP, and SOL all see modest gains today, as total market cap dips.Major digital asset prices climbed higher on Wednesday, July 9, despite U.S. President Donald Trump’s ongoing tariff warnings, which have shaken investor sentiment. Bitcoin (BTC) traded just below $109,000 at press time, up just half a percent over the past 24 hours and 0.8% over the week. Ethereum (ETH) led the gains among the top-10 crypto assets by market capitalization, jumping 3.4% on the day to $2,650, and up a solid 7.3% in the past seven days. Solana (SOL) also posted gains, rising 2.5% to $154 on…
After nearly a month of anticipation, memecoin launchpad pumpfun announced the official details of its upcoming ICO for PUMP. Top Solana memecoin launchpad pumpfun officially announced its upcoming initial coin offering (ICO) for PUMP today, July 9, unveiling tokenomics and sale details, including a KYC-requirement and incentive breakdown for ecosystem participants.The pumpfun team confirmed previous reports that the ICO will value PUMP at a $4 billion valuation, with 33% offered via ICO, 24% for “community and ecosystem initiatives”, 20% to the team, 13% to investors, and the rest to be split between a foundation, livestream incentives, and liquidity.While the team’s…
Stable-coin issuer Tether Holdings Ltd. said it has amassed almost 80 metric tons of gold—worth about $8 billion—in a vault it built and operates in Switzerland.Stable-coin issuer Tether Holdings Ltd. said it has amassed almost 80 metric tons of gold—worth about $8 billion—in a vault it built and operates in Switzerland. The El Salvador-based company disclosed that the precious-metal hoard is intended to reduce custody fees and diversify the assets backing its USDT stable coin.Tether added that gold represented nearly 5% of its reserve assets as of March 2025, placing the firm among the world’s largest private holders of the…
Ripple on Wednesday named Bank of New York Mellon as the primary custodian for the U.S. dollar reserves backing Ripple USD (RLUSD)Ripple on Wednesday named Bank of New York Mellon as the primary custodian for the U.S. dollar reserves backing Ripple USD (RLUSD), an enterprise-focused stablecoin launched in December 2024. The 240-year-old bank will safeguard the reserves, which are held 1-for-1 in cash and short-term Treasuries, and provide transaction-banking services that support minting and redemption of the token.BNY Mellon said the mandate underscores its goal of delivering “end-to-end solutions” across the digital-assets ecosystem, while Ripple called the bank’s custody expertise…
Peapods Finance’s leveraged yield protocol suffered a $200,000 exploit attack after bad actors apparently manipulated its oracle. Peapods Finance, a DeFi protocol focused on leveraged yield strategies, was seemingly exploited in a smart contract attack on Tuesday, July 8, that led to the unauthorized withdrawal of roughly $200,000 worth of ETH. The apparent exploit was flagged in initial assessments by on-chain security firms CertiK and PeckShield.Amid the news, the protocol’s native token, PEAS, briefly fell 5% to $3.55 before recovering to $3.74 at press time, up 3% over the past 24 hours. The token’s market cap currently stands near $37…
Crypto wallet provider Phantom has introduced “Phantom Perps,” a direct perpetual-futures trading feature powered by HyperliquidCrypto wallet provider Phantom has introduced “Phantom Perps,” a direct perpetual-futures trading feature powered by Hyperliquid. The service, initially available to users in the European Union, lets traders long or short more than 100 digital-asset markets with leverage of up to 40 times. Phantom, which says it serves roughly 10 million monthly active users, plans to extend the function to its broader mobile audience after the EU launch.The tie-up comes as Hyperliquid cements its lead among on-chain derivatives venues. The exchange handled about $1.57 trillion…
Paris-based 5G and internet-of-things chipmaker Sequans Communications has completed a private placement of debt and equity that raised about $384 millionParis-based 5G and internet-of-things chipmaker Sequans Communications has completed a private placement of debt and equity that raised about $384 million. The Nasdaq-listed firm said the proceeds will be used to buy bitcoin and establish a dedicated cryptocurrency treasury on its balance sheet.Sequans is among the first publicly traded European semiconductor companies to adopt bitcoin as a core reserve asset, reflecting a growing trend of corporations diversifying cash holdings with digital currencies. Further details on the timing and scale of…
SharpLink, whose shares trade under the ticker SBET, disclosed that it now holds about 205,634 ether, purchased at an average price of roughly $2,604SharpLink, whose shares trade under the ticker SBET, disclosed that it now holds about 205,634 ether, purchased at an average price of roughly $2,604. The position carries a cost basis of around $535.6 million and is currently valued near $522.8 million, leaving the company with an unrealized loss of approximately $12.8 million, or 2.4 %.The company added about $20 million in ether during the week ended 4 July, pushing the total market value of its crypto treasury…
Polygon plans to activate its Heimdall v2 hard fork on 10 July, aiming to cut transaction finality on the proof-of-stake network to about five seconds and eliminate legacy code dating from 2018-19Polygon plans to activate its Heimdall v2 hard fork on 10 July, aiming to cut transaction finality on the proof-of-stake network to about five seconds and eliminate legacy code dating from 2018-19. Developers describe the change as the most complex upgrade since the chain’s 2020 launch. Exchange KuCoin said it will support the transition, and CoinGecko data show Polygon’s POL token rose 7.8% after the upgrade was announced.The overhaul…
Emirates Airline has signed a memorandum of understanding with cryptocurrency exchange Crypto.comEmirates Airline has signed a memorandum of understanding with cryptocurrency exchange Crypto.com to integrate the platform’s payment service, Crypto.com Pay, into the carrier’s booking and retail channels, the companies said on 9 July.The agreement, witnessed by Emirates Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum, was signed by Adnan Kazim, the airline’s deputy president and chief commercial officer, and Mohammed Al Hakim, president of Crypto.com’s UAE operations. The partners will begin technical work immediately with the aim of letting customers pay for flights, upgrades and other services…